New Other Current Liab vs Total Assets Analysis
| NEWP Stock | USD 2.29 0.17 8.02% |
New Pacific financial indicator trend analysis is infinitely more than just investigating New Pacific Metals recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Pacific Metals is a good investment. Please check the relationship between New Pacific Other Current Liab and its Total Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Pacific Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing.
Other Current Liab vs Total Assets
Other Current Liab vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Pacific Metals Other Current Liab account and Total Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between New Pacific's Other Current Liab and Total Assets is 0.95. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Total Assets in the same time period over historical financial statements of New Pacific Metals, assuming nothing else is changed. The correlation between historical values of New Pacific's Other Current Liab and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of New Pacific Metals are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Other Current Liab i.e., New Pacific's Other Current Liab and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Other Current Liab
Total Assets
Total assets refers to the total amount of New Pacific assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in New Pacific Metals books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from New Pacific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Pacific Metals current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Pacific Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. At this time, New Pacific's Issuance Of Capital Stock is relatively stable compared to the past year. As of 05/18/2024, Enterprise Value is likely to grow to about 384.7 M, while Selling General Administrative is likely to drop slightly above 6.2 M.
| 2023 | 2024 (projected) | Cost Of Revenue | 209.1K | 198.7K | Research Development | 67.3M | 43.4M |
New Pacific fundamental ratios Correlations
Click cells to compare fundamentals
New Pacific Account Relationship Matchups
High Positive Relationship
High Negative Relationship
New Pacific fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 130.9M | 126.8M | 124.1M | 118.3M | 136.1M | 76.1M | |
| Other Current Liab | 957.0K | 467.9K | 1.8M | 945.1K | 850.6K | 808.1K | |
| Total Current Liabilities | 1.5M | 1.1M | 3.9M | 2.3M | 2.1M | 2.6M | |
| Total Stockholder Equity | 129.5M | 125.7M | 120.3M | 116.1M | 133.5M | 72.0M | |
| Retained Earnings | (31.8M) | (54.1M) | (60.5M) | (68.6M) | (61.8M) | (58.7M) | |
| Accounts Payable | 539.2K | 626.7K | 2.1M | 1.4M | 1.3M | 1.2M | |
| Cash | 29.8M | 46.4M | 29.3M | 6.3M | 7.2M | 12.9M | |
| Short Term Investments | 15.1M | 143.9K | 192.4K | 198.4K | 178.5K | 169.6K | |
| Other Current Assets | 8.7M | 523.1K | 479.3K | 630.3K | 567.3K | 538.9K | |
| Total Liab | 1.5M | 1.1M | 3.9M | 2.3M | 2.1M | 2.9M | |
| Common Stock | 140.3M | 149.6M | 153.7M | 155.8M | 179.2M | 188.2M | |
| Property Plant Equipment | 96.5M | 76.6M | 86.7M | 104.9M | 120.7M | 70.3M | |
| Property Plant And Equipment Net | 70.7M | 76.7M | 86.8M | 104.9M | 120.7M | 126.7M | |
| Net Debt | (29.8M) | (46.4M) | (29.3M) | (6.3M) | (5.7M) | (6.0M) | |
| Non Current Assets Total | 76.9M | 79.4M | 90.9M | 110.8M | 127.4M | 133.7M | |
| Cash And Short Term Investments | 44.9M | 46.6M | 29.5M | 6.5M | 7.5M | 7.1M | |
| Net Receivables | 303.6K | 343.6K | 3.2M | 421.9K | 485.1K | 460.9K | |
| Common Stock Shares Outstanding | 150.7M | 153.3M | 155.6M | 157.0M | 180.5M | 189.6M | |
| Liabilities And Stockholders Equity | 130.9M | 126.8M | 124.1M | 118.3M | 136.1M | 142.9M | |
| Non Current Liabilities Total | 1.2M | 200.4K | 539.2K | 626.7K | 2.1M | 0.0 | |
| Other Stockholder Equity | (142.9K) | (118.4K) | (119.9K) | (115.5K) | (104.0K) | (98.8K) | |
| Total Current Assets | 54.0M | 47.5M | 33.2M | 7.5M | 8.7M | 8.2M | |
| Accumulated Other Comprehensive Income | 4.8M | 13.6M | 11.7M | 10.2M | 11.8M | 12.4M | |
| Intangible Assets | 121.5 | 91.51 | 60.9 | 30.5 | 27.45 | 26.08 | |
| Common Stock Total Equity | 124.2M | 150.0M | 191.6M | 149.6M | 172.1M | 180.7M | |
| Property Plant And Equipment Gross | 96.6M | 76.7M | 87.4M | 105.7M | 121.5M | 61.1M | |
| Non Currrent Assets Other | (101.8K) | (95.6K) | (112.3K) | (139.4K) | (125.5K) | (119.2K) | |
| Net Tangible Assets | 176.7M | 125.7M | 120.2M | 116.1M | 133.5M | 124.9M | |
| Net Invested Capital | 176.8M | 125.7M | 120.3M | 116.1M | 133.5M | 124.9M | |
| Long Term Investments | 5.6M | 496.5K | 496.7K | 283.1K | 254.8K | 242.0K | |
| Net Working Capital | 71.7M | 46.4M | 29.3M | 5.2M | 4.7M | 4.5M | |
| Capital Stock | 140.3M | 149.6M | 153.7M | 155.8M | 179.2M | 157.0M |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Pacific Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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Is New Pacific's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Pacific. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Pacific listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.04) | Revenue Per Share 0.012 | Return On Assets (0.03) | Return On Equity (0.06) |
The market value of New Pacific Metals is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Pacific's value that differs from its market value or its book value, called intrinsic value, which is New Pacific's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Pacific's market value can be influenced by many factors that don't directly affect New Pacific's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Pacific's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Pacific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Pacific's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.